News in brief – 3 December 2021

Railpen has selected Finbourne to deliver next generation data management service.

The pension fund opted for Finbourne’s cloud, investment data management platform, Lusid, as its Investment Book of Record (IBOR). It stated that decision forms a “significant pillar” in Railpen’s data management strategy as it looks to move away from external management to an in-house model. Lusid will support Railpen’s multi-asset portfolios with standardised data and a timely, aggregated view of positions and exposure.

Aegon UK’s multi-asset solutions business has surpassed £1bn in assets under management.

Launched in 2019 with portfolios managed by Aegon head of portfolio management, Richard Whitehall, Aegon’s open-ended investment company (OEIC) business offers multi-asset fund ranges available to pension, ISA or GIA investors across Aegon’s distribution reach. Aegon UK said its multi-asset solutions focus on offering investors a “simple and cost-effective means” to grow their savings over the long term. Each of the fund ranges has a range of portfolios with different risk and return profiles to reflect investor needs and align to advice processes.

BNP Paribas Asset Management (BNPP AM) has upgraded 18 of its ETFs to ESG indices and Paris-aligned benchmark standards.

The firm stated that the move aimed to enhance the responsible nature of its BNP Paribas Easy range. The change means that 83 per cent on BNPP AM’s index funds are not classified as Sustainable Finance Disclosure Regulation (SFDR) Article 8 or Article 9. “The move towards sustainable indices is a decisive step and a major axis of our development, which reaffirms our ambition to position ourselves as a key player in index solutions integrating ESG and decarbonisation,” commented BNPP AM head of quantitative & index management, Isabelle Bourcier.

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